Working paper

Irreversible Investment and the Expected Capital Stock with Stationary Uncertainty.

Abstract:: The paper analyses irreversible investment under stationary uncertainty in a competitive sector. It is shown that while future uncertainty reduces the desired capital stock, over time the expected actual capital stock is higher under uncertainty with irreversibility.

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APA Style

Mash, R. (1997). Irreversible Investment and the Expected Capital Stock with Stationary Uncertainty. CSAE (University of Oxford).

MLA Style

Mash, R. Irreversible Investment and the Expected Capital Stock with Stationary Uncertainty. CSAE (University of Oxford), 1997.

Chicago Style

Mash, R. 1997. “Irreversible Investment and the Expected Capital Stock with Stationary Uncertainty.” Working Paper Series. CSAE (University of Oxford).
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Authors

+ Mash, R More by this author

Role:: Author

Publisher:: CSAE (University of Oxford)
Series:: Working Paper Series
Publication date:: 1997-01-01

Language:: English
UUID:: uuid:de3b34c9-2ce4-44b8-a188-22e33f882125
Local pid:: oai:economics.ouls.ox.ac.uk:12596
Deposit date:: 2011-08-15

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Copyright date:: 1997

Licence:: Terms and Conditions of Use for Oxford University Research Archive

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